Nobel prize winner Robert Shiller: Bitcoin a bubble that will burst soon

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2018-04-15 15:30:05

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Nobel prize winner Robert Shiller: Bitcoin a bubble that will burst soon

In January, the Nobel laureate in Economics and author of a book on financial bubbles, Irrational exuberance Robert J. Shiller the Bitcoin. According to him, the coin expects a disaster, but growth rates reminiscent of the "Tulip fever" the 1640's in the Netherlands. Now, in an interview the economist compared the first cryptocurrency with bubble, noting that he sees investment prospects.

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What will happen to Bitcoin analyst forecast

Schiller said that Bitcoin interested him from a scientific point of view.

I study Bitcoin, not only as another kind of bubble, but as an example of the strange behavior of people who are willing to invest all their savings in the air. I do not believe that the cryptocurrency bubble will soon burst. Probably it will last some time.

however, he said that the cryptocurrency should not be discounted — now work in the industry "enough smart people" people, so she continued to exist and develop.

There is another point, which economists often do not notice political. Many people in the world do not trust the governments. They like to use the money that no one controls.

As noted by CNBC, in a few months the Nobel laureate changed his attitude to digital money. He previously stated that Bitcoin has no prospects until society comes to a consensus about its price.

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